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EverBank has announced two significant agreements aimed at modernizing its commercial banking and payment processing systems.

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EverBank has recently inked two significant deals with industry vendors, signaling a major step towards comprehensive digital transformation across its commercial banking and payment processing systems.

The first deal involves partnering with Dutch digital banking solutions provider Backbase to implement its Engagement Banking platform. EverBank plans to leverage this platform to launch a new online platform catering to its commercial and treasury banking sectors. Through this platform, EverBank aims to offer its commercial clients a wide range of digital payment and treasury services, including domestic and international wire transfers, Automated Clearing House (ACH) transactions, online banking, and foreign exchange (FX) trades and rate monitoring. Additionally, the platform will facilitate deposit management processes across both traditional and global commercial banking sectors, as well as streamline the distribution of waterfall payments made through various loan payment systems. Notably, other prominent adopters of the Backbase Engagement Banking platform include Judo Bank in Australia, Danske Bank in Denmark, and Orient Commercial Joint Stock Bank in Vietnam.

In the second development, EverBank has entered into a strategic partnership with banking and payments fintech Finzly to consolidate its payment processing systems into a single unified platform. As part of this collaboration, EverBank will leverage Finzly’s cloud-based Payments Galaxy platform, which provides centralized processing capabilities across multiple transaction types through a single API. This platform will enable EverBank to efficiently handle large volume payments for investment firms, including domestic, instant, and international payments. Notably, Quaint Oak Bank, based in the US, also recently selected Finzly’s Payments Galaxy platform to enhance the speed and breadth of its payment operations.

These strategic partnerships underscore EverBank’s commitment to embracing digital innovation to enhance customer experience and operational efficiency across its commercial banking and payment processing operations.

Source: fintechfutures.com

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Federica Pietrogrande Joins The Brattle Group as Principal, Specializing in Restructuring, Insolvency, and Alternative Investment Disputes

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LONDON, May 2, 2024 /PRNewswire/ — The Brattle Group has welcomed Federica Pietrogrande to the firm as a Principal in the firm’s Bankruptcy & Restructuring practice. Ms. Pietrogrande brings over two decades of global experience in restructuring, insolvency, and special situations.

“With her wealth of global experience and her proven expertise in navigating complex business and financial transactions and restructuring and insolvency matters, Federica will be a tremendous asset to Brattle’s clients,” said Torben Voetmann, Brattle President & Principal. “We are thrilled to have her on board as we expand our international securities capabilities to continue developing a cohesive, collaborative network of insolvency experts.”

Having worked with major financial institutions, large private investors, and corporations as a principal investor and as a legal advisor, Ms. Pietrogrande brings a unique interdisciplinary perspective to Brattle. She has managed complex restructuring and insolvency cases and litigations and orchestrated complex transactions across Europe and globally. She also has expert witness experience in US litigations.

“Recent legal developments have significantly increased the demand for independent experts in restructuring and insolvency cases in the UK and Europe,” said Ms. Pietrogrande. “I’m thrilled to join Brattle and to continue expanding its broader securities team, including the Bankruptcy & Restructuring practice, into Europe alongside my esteemed colleagues.”

Prior to joining Brattle, Ms. Pietrogrande was Managing Director of International Strategy and Capital at a global distressed investment, restructuring, and valuation firm. She previously was the Head of Restructuring & Insolvency at the Italian office of an international law firm.

To learn more about Ms. Pietrogrande, please see her full bio at https://www.brattle.com/experts/federica-pietrogrande/.

ABOUT BRATTLE

The Brattle Group answers complex economic, finance, and regulatory questions for corporations, law firms, and governments around the world. We are distinguished by the clarity of our insights and the credibility of our experts, which include leading international academics and industry specialists. Brattle has 500 talented professionals across North America, Europe, and Asia-Pacific. For more information, please visit brattle.com.

The Brattle Group (PRNewsFoto/The Brattle Group)

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Top-tier athletes unite once more for the highly anticipated FlowBank Championship

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GENEVA, May 2, 2024 /PRNewswire/ — FlowBank, the innovative Swiss online bank, proudly unveils its lineup for the second edition of the FlowBank Championship. Leading figures including Anthony Joshua, Israel Adesanya, Antoine Dupont, Ana Marković, Esteban Ocon, and Peter Sagan are set to compete in this distinctive online trading competition scheduled from May 1 to May 31, 2024. Following the resounding success of the inaugural 2023 FlowBank Championship, these sports icons are eager to showcase their trading skills and highlight the accessibility of financial markets to their fans and online communities.

Charles Henri Sabet, founder of FlowBank, expressed his excitement for the event’s return, stating, “The remarkable engagement we witnessed last year underscores the triumph of this initiative. It not only drew significant attention to the parallels between sporting excellence and trading but also underscored the importance of financial literacy. Elevating the competition in its second year was a natural progression for us.”

In an exciting development, Alexander Zverev, FlowBank ambassador and third-place finisher in the inaugural edition, will take on a mentorship role. “Transitioning from competitor to mentor is invigorating. Having navigated the challenges these athletes will encounter in this competition, I eagerly anticipate sharing my insights and guiding this year’s exceptional group of athletes,” Alexander Zverev remarked.

Throughout the championship, FlowBank will provide athletes with tools, platforms, and resources to deepen their understanding of financial markets as they compete for the title of top trader on a virtual portfolio.

Simultaneously, the FlowBank community will gain unprecedented access to the athletes’ trading strategies, with opportunities to enhance their financial literacy through tailored educational content, including podcasts and comprehensive articles.

“The FlowBank Championship is more than a competition; it underscores our dedication to democratizing access to financial markets, nurturing an informed and engaged community,” concluded Charles Henri Sabet.

The FlowBank Championship will also feature insights from longstanding FlowBank ambassador Severin Lüthi and tennis legend Martina Hingis, with Hingis providing commentary and analysis in a weekly podcast throughout the competition.

Beyond the FlowBank Championship, FlowBank remains the primary sponsor of Swiss Tennis, Swiss Ice Hockey, and the Gonet Geneva Open, reinforcing its steadfast support for Swiss sports across all levels and bolstering its sponsorship portfolio.

Since its inception in November 2020, FlowBank has witnessed remarkable growth and continues to expand its services. Presently, FlowBank offers access to over 50,000 financial instruments and stands as the only Swiss bank to offer zero commission on Swiss stocks, alongside the lowest trading fees in Switzerland. The bank remains committed to ongoing investments in technology, innovation in features and products, and above all, prioritizing the client experience.

Follow @flowbank on social media for the latest news and updates on the FlowBank Championship.

About FlowBank

Established in 2020 by CEO Charles Henri Sabet, with headquarters in Geneva and an office in Zurich, FlowBank presently employs 140 experts. The bank delivers online investing and trading services, providing access to over 50,000 financial products at competitive prices. Recently recognized as Switzerland’s most competitive trading provider by Neue Zürcher Zeitung, FlowBank is licensed by the Swiss Financial Market Supervisory Authority (FINMA) and is a member of esisuisse. Additionally, it holds membership in the Swiss Bankers Association.

Facebook: FlowBank@FlowBank
Instagram: @flowbank
LinkedIn: FlowBank
X: FlowBank@flowbank_sa

Media Contact
FlowBank SA
Caroline Puder-Lévy, Chief Marketing Officer
Esplanade de Pont-Rouge 9
1211 Geneva 26
[email protected]
+41 22 888 6409

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MASTERCARD FOUNDATION INTRODUCES MFAM, A NEW SEPARATE ASSET MANAGEMENT COMPANY, TO SUPPORT ITS PHILANTHROPIC MISSION

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MFAM investment returns to fund the Mastercard Foundation’s work with its partners in Africa and Canada over the long term

TORONTO, May 2, 2024 /PRNewswire/ — The Mastercard Foundation today introduced the Mastercard Foundation Asset Management (MFAM) Corporation, a new, separate asset management company with a mandate to build and manage a diversified portfolio to support the mission of the Mastercard Foundation and the work of its partners over the long term. The Mastercard Foundation is a registered Canadian charity and one of the largest private foundations in the world. It works with visionary organizations to advance education and financial inclusion to enable young people in Africa and Indigenous youth in Canada to access dignified and fulfilling work.

Reeta Roy, President and CEO of the Mastercard Foundation, said, “The programs of the Mastercard Foundation are transforming the lives of young people in Africa and in Indigenous communities in Canada. Led by John Barker, MFAM is building a team of world-class investment professionals charged with diversifying Mastercard Foundation’s portfolio and delivering returns that will fund the philanthropic mission of the Mastercard Foundation over the long term.” 

The Mastercard Foundation was established in 2006 through the generosity of Mastercard Incorporated (NYSE: MA), which gifted the Mastercard Foundation common shares as part of its initial public offering. Over the past 18 years, the value of that original gift has grown substantially. The Mastercard Foundation now requires a dedicated asset management team to manage and diversify the Mastercard Foundation’s growing investment portfolio. 

John Barker, Chief Investment Officer of MFAM, said, “I am thrilled to be leading the investment team at MFAM and to be working with the Mastercard Foundation to fund its critical mission in Africa and Canada. MFAM is building a team of investment professionals and a network of investment partners that will be inspired by the opportunity to create meaningful value and lasting impact through the Mastercard Foundation.”

Mr. Barker joined MFAM in January 2024. He brings over three decades of investment management experience to the role, having served as the Chief Investment Officer at Mass General Brigham and as a Managing Director at Harvard Management Company.

Headquartered in Toronto, MFAM has an investment strategy that is global in scope. MFAM was established by the Mastercard Foundation as a separate entity with a separate Board of Directors and management team.

The Mastercard Foundation partners with approximately 400 organizations and supports initiatives in 33 countries, including the Mastercard Foundation Scholars Program, the Saving Lives and Livelihoods Initiative in Africa, and the EleV Program supporting Indigenous youth in Canada.

About the Mastercard Foundation Asset Management Corporation

Established in 2023, Mastercard Foundation Asset Management (MFAM) Corporation was created to build and manage a diversified investment portfolio for the Mastercard Foundation, one of the largest private foundations in the world. MFAM is headquartered in Toronto, Canada. It has a global investment strategy and mandate to deliver returns that will fund the philanthropic mission of the Mastercard Foundation over the long term. To learn more, visit the MFAM website at www.mfamc.org.

About the Mastercard Foundation

The Mastercard Foundation is a registered Canadian charity and one of the largest foundations in the world. It works with visionary organizations to advance education and financial inclusion to enable young people in Africa and Indigenous youth in Canada to access dignified and fulfilling work. Established in 2006 through the generosity of Mastercard when it became a public company, the Foundation is an independent organization separate from the company, with offices in Toronto, Kigali, Accra, Nairobi, Kampala, Lagos, Dakar, and Addis Ababa. Its policies, operations, and program decisions are determined by the Foundation’s Board of Directors and leadership. For more information on the Foundation, please visit www.mastercardfdn.org

About MFAM, please contact: Lynnette Visaya, Edelman Smithfield, [email protected], (416) 316-4518

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